Category: General

Veyrah Law advises Ozi Technologies on raising USD 6.2 Million from RTP Global & other investors

General

June 13, 2026

Ozi Technologies Private Limited, a platform for baby and kids products, has raised USD 6.2 Million in Series A funding from RTP Global, Blume Ventures, Huddle Venture and certain other investors. The deal was announced in March 2026.

Interventions in winding up: Not all interventions further the cause of justice

Corporate Disputes

February 26, 2025

In legal proceedings, ensuring justice is served fairly and promptly is crucial, especially in winding-up proceedings under the Companies Act, 2013 (Act), where the future of a company, its creditors, and employees are at stake. The Act outlines various grounds for winding up a company, including situations deemed ‘just and equitable’ by the court. While the winding-up process follows clear procedures and timelines, delays often arise due to third-party intervention applications (Interventions), where objections are raised before the statutory time for them to be heard. While third-party Interventions may be necessary in some cases, a ‘blanket / one size fits all’ kind of approach is not always appropriate.

This article explores the winding-up process under the Act, focusing on cases initiated by a contributory (generally a shareholder) before the Hon’ble National Company Law Tribunal (NCLT). It will also explore why Interventions should be disallowed in these specific proceedings, particularly before the advertisement of the petition is published, and how piecemeal Interventions can hinder the progress of the case.

CIRP is not a Remedy for Recovery of Unpaid Welfare Benefits

Corporate Disputes

February 12, 2025

The corporate insolvency resolution process (CIRP) under the Insolvency and Bankruptcy Code, 2016 (IBC) is a powerful tool designed to resolve corporate insolvency. However, it is important to understand that CIRP is not the remedy if your welfare benefits are due, such as leave travel concession (LTC) or leave encashment. These unpaid benefits are classified as welfare claims, not operational debts, and therefore, cannot be used to initiate CIRP. The case of Kishore K. Lonkar v. Hindustan Antibiotics Limited provides critical clarity on this issue.

Ajay’s recognition as an ‘A-List Member’ by the India Business Law Journal 2022-2023

General

January 31, 2023

We are pleased to share that Ajay Joseph, Partner at Veyrah Law, has been recognised as an ‘A-List Member’ by the India Business Law Journal 2022-2023.

Veyrah Law advises Kenko Health on raising USD 12 Million from Sequoia Capital & other investors

General

February 22, 2022

Kenko Health, a start-up based on a health subscription model, has raised USD 12 Million in Series A funding from Sequoia Capital, Beenext Emerging, Orios Venture, Waveform Ventures, 9Unicorns Accelerator Fund-I and certain Angel Investors.

Veyrah Law advised Kenko Health, led by partner Ajay Joseph; principal associate Arun Mohanty; senior associate Anshul Pandey, and associate Pooja Agarwal. The Veyrah Law team assisted Redkenko with structuring, drafting/negotiating the term sheet, drafting/negotiating and signing the transaction documents and closing.

Veyrah Law advises Redkenko on its pre-Series A round

General

August 25, 2021

Redkenko Health Tech Private Limited, a Mumbai-based health insurtech startup, has raised funds in pre-Series A round from Beenext, Orios Venture Partners, Waveform Ventures, 9Unicorns and certain Angel Investors.

Veyrah Law advised Redkenko, led by partner Ajay Joseph; principal associate Arun Mohanty; senior associate Anshul Pandey and associate Pooja Agarwal. Veyrah Law team assisted Redkenko with the structuring of their group entities; and drafting and negotiating the transaction documents.

Veyrah Law Advises Pristyn Care on Raising USD 12 Million from Multiple Investors

General

January 4, 2021

Pristyn Care, a health delivery start-up, has raised USD 12 Million in Pre-Series C funding from Sequoia Capital (along with its affiliate), Hummingbird Ventures (along with its affiliate), and Epiq Capital.
Veyrah Law advised Pristyn Care, led by partner Ajay Joseph; principal associate Arun Mohanty; associates Anshul Pandey and Priyanka Zaveri. The Veyrah Law team assisted Pristyn Care with structuring, drafting/negotiating the term sheet, drafting/negotiating and signing the transaction documents and closing.

Veyrah Law advises Pristyn Care on USD 12 Million funding from Sequoia, Hummingbird, Greenoaks & AL Trust

General

January 8, 2020

Pristyn Care, a health delivery start-up, has raised USD 12 Million in Series B funding from Sequoia Capital (along with its affiliate), Hummingbird Ventures (along with its affiliate), Greenoaks Capital and AL Trust wherein these investors subscribed to preference shares of Pristyn Care. Veyrah Law advised Pristyn Care, led by partner Ajay Joseph; principal associate Arun Mohanty; associates Priyanka Zaveri and Anshul Pandey. The Veyrah Law team assisted Pristyn Care with structuring, drafting/negotiating the term sheet,

Veyrah Law advises Pristyn Care on raising USD 4 Million from Sequoia India

General

June 2, 2019

Pristyn Care, a health delivery start-up, has raised USD 4 Million in Series A funding from Sequoia India wherein Sequoia India subscribed to equity and preference shares of Pristyn Care. Veyrah Law advised Pristyn Care, led by partner Ajay Joseph; associates Anshul Pandey and Priyanka Zaveri.

Veyrah Law advises OLX on its acquisition of Aasaanjobs

General

January 10, 2019

Naspers-funded OLX Group has acquired Aasaanjobs to strengthen its jobs classifieds vertical in India for an undisclosed amount. The deal was completed through a combination of a primary investment and secondary share purchase. Veyrah Law advised OLX, led by partner Ajay Joseph; associates Anshul Pandey and Priyanka Zaveri.